Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $905.5200 (-2.93%) ($905.5200 - $905.5200) on Tue. Sep. 20, 2022. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 4.23% (three month average) | RSI | 60 | Latest Price | $905.5200(-2.93%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI declines -0.8% a day on average for past five trading days. | Weekly Trend | MELI advances 4.1% a week on average for past two weeks. | Market Behavior | Broad based sell-off for large cap. Broad based sell-off for small cap. | Correlated ETFs | Broad market will support MELI advance at 0% a week (0% probability) IBUY(61%) IWF(61%) QQQ(61%) IVW(60%) SPY(60%) | Factors Impacting MELI price | MELI will decline at least -2.115% in a week (0% probabilities). UUP(-17%) VIXM(-13%) TBT(-8%) VXX(2%) UNG(4%) | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -2.115% (StdDev 4.23%) | Hourly BBV | -1.2 () | Intraday Trend | 0% | | | |
|
Resistance Level | $909.61 | 5 Day Moving Average | $937.05(-3.36%) | 10 Day Moving Average | $941.16(-3.79%) | 20 Day Moving Average | $909.61(-0.45%) | To recent high | -16.4% | To recent low | 42% | Market Cap | $45.013b | | | | MercadoLibre, Inc. engages in the provision of online commerce platform with focus on e-commerce and its related services. It operates through the following geographical segments: Brazil, Argentina, Mexico, Venezuela, and Other Countries. The firm provides users a mechanism for buying, selling and paying as well as collecting, generating leads, and comparing lists through e-commerce transactions. The company was founded by Marcos Eduardo Galperin on October 15, 1999 and is headquartered in Buenos Aires, Argentina. |